Yichen: Dubai air freight halt locks in 20% of gold, supply shortages support gold price rebound

From a technical perspective, the four-hour chart shows the price below the middle band of the Bollinger Bands, but strong support is found in the 5000-5050 range below. The MACD bearish momentum is weakening, indicating an initial short-term rebound signal.

Recent multiple positive factors resonate to support gold's upward movement. The suspension of Dubai air freight has frozen about 20% of global gold flow, tightening physical supply and boosting regional premiums, providing a solid bottom for gold prices; ongoing conflicts in the Middle East continue to intensify safe-haven demand, highlighting gold's value as a safe-haven asset. Despite strong US economic data, market concerns over escalating geopolitical risks have overshadowed the dollar's strength, with the bullish side clearly leaning towards the upside.

Recommendations:
Intraday, consider buying in batches around 5050-5070, with targets at 5180 and 5230.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk. $XAU